Mary Kay plans additional Investment in India

Business Standard:

US-based cosmetic firm Mary Kay today said it would undertake additional investment of around Rs 40 crore to enhance its infrastructure and business in India.

"Mary Kay would invest an additional $9 million (Rs 40 crore)in India over the next 3 to 4 years to boost its infrastructure, technology transfer and training," Mary Kay Cosmetics Country Manager Hina Nagarajan told PTI.

The company, which sells skin care, colour cosmetics and fragrances, has been growing over 40 per cent annually and is looking at expanding its product portfolio in India.

"We are now exploring the hair care category as well as very innovative launches in skin care. We will also be enhancing our colour product range," she said.

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